Increased lending as economy grows


Santander has hailed a 25% increase in Humber lending as evidence of the region's growing economic clout. Santander launched a £50m fund for the region's small and medium-sized manufacturers in June, backing an expected surge in industry after Siemens' decision to set up a world-leading wind turbine plant in Hull. Jonathan Thompson, Santander's Regional Director for South Yorkshire & the Humber, believes the move has paid off and said the bank was now supporting firms with bold ambitions. He said: 'Santander is well-placed to support the international growth of the region. Santander has a number of unique initiatives to support the trading and ambitions of internationally minded businesses. Our unswerving commitment to the manufacturing sector remains.' The bank lent £25m to regional companies last year and aims to further increase that amount, though £40m of its manufacturing loan fund remains available. Thompson said more money could be made available if there was sufficient call for it. 'We will increase this if demand dictates and so we remain very keen to hear from local manufacturers looking for funding support,' he said.


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…


Mexico is predicted to become one of the world’s top 10 economies in the next 10 or 20 years.

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?